Alan manages an illegal gambling operation in his BBQ Bar & Grill. Alan reports the profits of the gambling operation as income from BBQ's legitimate activities on its tax returns. This is

Question

Quizplus · Accepted Answer

Alan's actions constitute money laundering, which involves disguising the profits of illegal activities as income from legitimate sources. Reporting the profits of an illegal gambling operation as income from a legitimate BBQ business would fall under this definition.

Alan Manages an Illegal Gambling Operation in His BBQ Bar